SUCCESSION PLANNING
A clear succession plan will help ensure that high quality replacements are in place for individuals who currently hold positions that are key to your organization’s success. Here are some things to think about.
- Succession planning is not just an HR function. Senior management often has the best understanding of the company’s future direction and must take the lead.
- Succession planning is not just for senior management positions, but for any individual or group of workers that is important to the success of your company.
- Look inward first. The best kind of succession planning makes the most of your existing talent, and includes offering training and development opportunities for those with potential.
- Take a close look at how your older workers can fit into your succession plans. Make the most of their skills and experience and ensure their knowledge is passed along before they leave.
Sample Succession Planning Policy
